Funding of $1.5 billion is available through a U.S. Department of Transportation program that funds freight and passenger transportation infrastructure projects.
The funding opportunity through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) discretionary grant program is for 2023, a Dec. 15 news release reported.
“Opening a new round of major investment across America! Delighted to provide more communities an opportunity to apply for RAISE funding to improve their transportation infrastructure,” Secretary of Transportation Pete Buttigieg said in a post on Twitter.
The program helps projects receive funding which are difficult to receive from other U.S. Department of Transportation grant programs, the release said.
“The historic investments the Biden-Harris administration is announcing today will help communities across the country modernize their transportation,” Buttigieg said in the release. “After decades of underinvestment in America’s infrastructure, we are supporting projects that help people and goods get where they need to go more safely, efficiently and affordably.”
The discretionary grants help project sponsors at state and local levels complete projects. For example, in Tampa, Fla., the Department of Transportation is investing in a project creating hundreds of jobs and reducing emissions at the Port Redwing facility, the website said.
“Half of the funding will go to projects in rural areas, and half of the funding will go to projects in urban areas,” the news release said. “At least $15 million in funding is guaranteed to go towards projects located in areas of persistent poverty or historically disadvantaged communities, and projects located in these areas will be eligible for up to 100% federal cost share, as directed by Congress in the Bipartisan Infrastructure Law.”
